This Week's Atlanta Deal Sheet: T5 Targeting Coweta For Massive Data Center Complex
An Atlanta data center operator is looking to build on 200 acres in Coweta County.
T5 Data Centers has applied to develop a 2.95M SF data center on 200 acres on a site south of Weldon Road and east of Palmetto Tyrone Road more than 25 miles south of Downtown Atlanta, according to an application filed with the Georgia Department of Community Affairs. The department regularly evaluates projects that have a regional impact on infrastructure.
This would be T5’s second Atlanta data center campus and would be named T5 - ATL IV Data Center. The planned $1.5B project would span seven buildings with a projected delivery by 2030.
T5 is among a wave of operators turning to Atlanta for new data center projects. Earlier this year, Denver-based Vantage Data Centers revealed plans for a 1.7M SF data center complex in Douglas County, its first in Georgia. Last year, QTS announced plans for Project Excalibur, a 250-megawatt, 600-acre data center campus that will encompass 16 buildings and 7M SF built over the course of nine years.
As power limitations hinder growth in the perennial data center hub of Northern Virginia, developers are rushing to meet demand in markets like Atlanta that have low power costs and plenty of land availability, according to a 2022 Cushman & Wakefield report.
T5 is projecting that its Coweta campus will add more than $3M in local tax revenues to the county, according to the application.
DEVELOPMENT
MS Park Construction has applied with state planners to break ground on a 2.4M SF distribution center in Madison, Georgia, some 60 miles east of Atlanta. The project, called PNK-Madison, will rise at the intersection of Indian Creek and Monticello roads by 2026.
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High Street Residential, the multifamily subsidiary of Trammell Crow Co., topped out on The Grace Residences, a 14-story, 280-unit apartment tower rising in Science Square, the mixed-use tech-focused project adjacent to Georgia Tech. Also part of the project is Science Square Labs, a 365K SF lab/office tower anchored by MS Park Construction Portal Innovations.
LEASES
Logistics and supply chain manager Newtimes Group has inked a 114K SF lease at East Park Distribution Center in Conyers for its regional headquarters and distribution hub. The company is expected to occupy the 212K SF facility at 2020 East Park Drive in the fourth quarter.
Ackerman & Co. Senior Vice President Brett Buckner represented his company, which acquired the facility in May. Ackerman Senior Vice President Chris Miller and Vice President Harris Tessler represented Newtimes.
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Lincoln Property Company Southeast has grabbed three retailers for its Echo Street West mixed-use project off Donald Lee Hollowell Parkway and Northside Drive. Those deals are with El Gordo Taqueria, which leased 2,400 SF, Fresh Squeezed Mini Bar, which leased 2K SF, and Le Macaron, which inked a deal for 900 SF in the 50K SF of retail and restaurant space in the project.
SRS Real Estate Senior Vice Presidents Lily Heimburger and Adrienne Crawford brokered the deals for Lincoln. The Shumacher Group leasing specialist Sean McPherson represented El Gordo, while RudHil Cos. Director of Commercial Division Vasti Pichardo represented the other tenants.
ASSIGNMENTS
Industrial developer CRG tapped Cushman & Wakefield Directors James Phillpott and Helen Cauthen and senior associate Connor Larkin to lease 600 Price Road, a 500K SF distribution center that is part of The Cubes at Locus Grove in Henry County. CRG aims to break ground on the facility this year.
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Onward Investors tapped JLL Senior Vice President Wendy Tomich and Property Manager Art Mezzullo to lead the management team for its 429K SF, seven-property industrial portfolio across Metro Atlanta.
Onward’s portfolio includes 440-490 and 500 Great Southwest Parkway and 1033-1045 LaGrange Blvd., both in South Fulton County; 5335-5353 Snapfinger Woods Drive in Decatur; and 4508 Bibb Blvd., 2081 Kilman Drive and 2090 Tucker Industrial Road in Tucker. The portfolio is 95% leased to such tenants as Atlanta Service Warehouse, FM Exhibits, Home Chef, DoorDash and Megna Plastic Packaging.
